Economic, Social, and Political Changes in Europe: 16th-17th Century
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Economy: Craft Production
Continued to be regulated by associations called guilds (groups of persons who worked in the same association) and the domestic system. Trade was dominated by economic powers such as Spain, Portugal, Italy, England, and the United Provinces.
Social Conflicts
Taxes burdened ordinary people to pay for military expenses and luxuries for the court. Nobles demanded higher rents and services from peasants, leading to peasant impoverishment. The wealthy bourgeoisie benefited from buying lands at low prices. Urban and peasant revolts ensued due to growing taxation and food shortages.
Peace and War
Philip II and the Duke of Lerma pursued a peace policy, strengthening the treasury. Spain engaged in various treaties and wars, including... Continue reading "Economic, Social, and Political Changes in Europe: 16th-17th Century" »